Question

1	Cash on hand at the company and not yet deposited at the bank.	6,400
2	EFT for monthly utility bill not yet recorded by the company.	1,600
3	Note collected by the bank and not yet recorded by the company.	9,600
4	Interest collected by the bank from note in #3 not yet recorded by the company.	1,400
5	A check witten for insurance expense for $80 was cashed. The check was recorded on the books for $140.	?
6	Checks written by the company but not yet processed by the bank.	3,000
7	Service fee charged by bank but not yet recorded by the company.	100
8	Customer checks determined by the bank to have nonsufficient funds.	3,100
	Bank balance at the end of the period.	17,540
	Company balance at the end of the period.	14,680

1-a. What is the revised Cash balance at the end of the period?

2-a. What is the balance in Cash if the entry to correct the insurance payment hasn't been made?

Answer 1